Shanghai Sanmao (600689): Progress Of Listing And Transferring 100% Equity Of Yindun Company

Shanghai Sanmao (600689) announced on the evening of January 17. On January 17, 2022, the company received the letter of confirmation of trading qualification issued by Chongqing United Property Exchange: 100% equity project of Shanghai Yindun Electronic Information Technology Co., Ltd. (Project No.: 202112001416), and disclosed information from December 16, 2021 to January 13, 2022, and collected two intended transferees, The specific names are Shanghai xinzhongliang Intelligent Technology Development Co., Ltd. and Shanghai tongkai Lightning Protection Technology Co., Ltd. After the examination and approval of Chongqing United Property Exchange, the above intended transferee has the transaction qualification. As of the announcement date, the company has confirmed the transaction qualification opinions of the above intended transferee, and the company will timely perform the information disclosure obligation according to the progress of the matter.